I got thrown into this mix which has made an already frustrating home buying experience that much worse considering it is a short sale to begin with. The flood program got thrown into this bill and set my closing back 2 weeks!
Ditto! This has been the longest yet most bizarre week of my life! We had our April 1st closing cancelled and the wait till the 12th wasn’t toooo bad, but this week? I’ve aged another 10 years! And if Fidelity doesn’t get going and work this weekend, we still might not make our Tuesday Apr 20th deadline. Our rate lock (and our sales contract!) expire that day. Before this happened our goal was to close within 30 days and we would have made it with time to spare if not for this!
So help me out here. I was supposed to close on a place on April 12, but because of this insurance fiasco, Wells Fargo would not release the loan as the condo association’s flood insurance is due to expire May 10. If this program is only extended until the end of May, it seems like nothing has changed! Am I missing something??
Way to go Congress. Extending NFIP all the way to the end of May. By all means, let’s not use unspent Stimulus money to fund this important program. I am sure lenders are real happy to see these temporary extensions when they are trying to make loans and Flood is required. November can’t come soon enough.
If they follow the same procedures that they did for the April lapse.. as long as a renewal offer invoice is sent to your HAO prior to May 31st (which the company should send it out asap) then the HOA has the opportunity to send in payment & have the policy renew. The May 31st exp. primarily affects new business & renewals where renewal offers have not been sent out. So you “SHOULD” be good but dont quote me as we know how our lovley government works!
We have been having problems with the Mortgage Companies contacting to verify and increase flood coverage for their borrowers. During the suspended hiatus, if the insured/borrower was unable to provide updated coverage, the mortgage company has threatened to force place duplicate insurance upon the borrower/insured. By suspending this program, the ripple effect felt, has been frustrating for agents and our insureds. Now this can happen again?
They will have a hard time trying to force place private flood (outside the NFIP) in Texas! We were supposed to close Apr 1 and I TRIED to find a “substitue to NFIP” with no luck. Believe me, if we do get to close, I will be watching this situation like a hawk next year long before our renewal date.
Shut up and don’t worry about it. Our President is as smart as a rocket scientist and he is a constitutional expert to. This is all part of his plan to bring hope and change to America. No more comments about flood insurance being tied to this please. If people don’t get some more unemployment they will be forced to take jobs they don’t really want and might miss the better paying jobs they do want.
Had an interesting conversation with a friend who works at a company where I am interviewing. The HR person got friendly with him over the years and one day admitted, “If I’d known how old you were, I never would have hired you.” That’s insane!
Rosie must be easy to say shut up and dont worry about it when your a person not affected by it. Maybe you should put yourself in the shoes on the people who are trying to become new homeowners and cant because of the hold ups or try being the insurance agent who has to tell these already stressed homeowners that there is nothing we can do to help them!! Then lets here you say dont worry about it!
Some of us have already taken low paying jobs just to keep current with the industry. Yes, age discrimination is alive and well and employers do not want anyone who have had a serious illness in the past such as cancer. Sad state of affairs and time for a revolt in this nation about taxation. We are taxed to near poverty but the spending continues.
How can they continue to attach bills that have no bearing on each other together and screw up everything is beyond me. Its like mixing apples and gorillas. We need to retool our government from the ground level up. The confusion and the spending continue and the tax rate continues to climb.
Come May, congress will have to find another bill to attach a flood insurance extension too. Is flood insurance not important enough for a bill of its own, it has to be attached to an unrelated bill. But maybe that the best way, just keep filing extensions, if the wrote a new flood insurance bill they would probably really screw it up.
Amen, its a mess and agents are suffering as well. stress and anxiety over the housing market is drivng some folks out of business. The carriers don’t want to write in regions of our state a regular homeowners policy due to the flood and wind and Hail pool. This keeps people from bing hired on all levels.
As the Chinese suck more and more jobs out of the US, the Chinese government has to turn around and loan us money to pay for unemployment for our citizens because we can’t find the money to pay for it ourselves! Are we pathetic or what?
you are all insurance people. you should know better than to buy a house where it floods. unless of course you want he rest of us to replace your ¥#&¢n house every twenty years. i am dissapointed.
Just goes to show how much you know. Unless nothing is ever built in proximity of a ditch, creek or a neighbors swimming pool, who knows if you have a flood exposure. The 1993 flood in the midwest hit more people technically not in a flood zone than in one.
DLR — Flood insurance isn’t “not important enough for a bill of its own.”
It’s TOO important for a bill of its own.
Must-pass provisions like this one are loaded down with pork, non-essential power grabs, and partisan goals so that when the other party complains about extra garbage, they can be exscoriated for “holding up flood.”
that is a one hundred year flood, which is very insurable, even in the private sector. now i am really dissapointed. i think anonymous should remain a renter.
Steph,
Reread and ‘get’ Rose’s comment. I think she was trying to add some humor into this ridiculous situation our ‘leaders’ have put us in. I ‘got it’ Rosie!
You are right on this, Rater! Better yet, this is important enough to our economy to stand alone.
And for those you saying’don’t buy in a flood zone’. I would venture to say there are few & far between, if any, homes in FL to be purchased without flood insurance requirement. (unless you pay cash and then you’d be an idiot not to buy it.
And our leaders in ‘Washington’ say they want to help boose the economy. They are just punching holes in it with this continuing saga with the NFIP.
How did Flood Insurance get added in here. And, 99 weeks of unemployment? Why are they unemployed? Stimulus, overspending, no positive action for corporate companies.
Sounds like your friend might have the smooking gun for a age discrimination lawsuit against the company. It’s bad enough that some of these companies practice age discrimination, but for an HR person to verbally admit it just shows how stupid some of these employers are.
Frankly I think the generation of 50 somethings manufacture these stories as an excuse not to work. I’m sorry, at my agency if you’ve got some silver hair, I’m at least as excited to talk to you as I am some 20 something that’s just getting started…without sounding discriminatory I’m probably happier to work with someone in their 50’s or 60’s.
My father is in his 60’s and gave me the nonsense that he’d never be hired too. The guy found work in no time…and multiple offers at that.
Well Mr. Solvent where were you when I was looking for a job last year!!!! My resume was sent out to over 100 employers in over 15 states and I was willing to relocate on my dime. It took me over 10 months to find something. I went from a
So don’t say that 50 somethings are not looking or wanting to work. Age discrimination is real. Your just fortunate enough to own your business. I hope your business does real well. If you find that you have to look for work your going to get a rude awakening.
I asked one of my friends to see if any of her carriers were hiring. She told me she talked to one underwriting manager who prefaced his remarks with: “We’re looking for someone younger.”
Age discrimination is a fact.
A recruiter had me trim 15 years experience off of my resume. Also said to take off the year of college graduation.
Guess why.
Well 30 years, I’d say if you found work in 10 months you were pretty fortunate. Did you turn anything down in the meantime? Why did you only apply to 100+ employers? 100+ employers seems like about 4 weeks of a job search. Looking for work needs to be a full time job. I hate to say it but 5 employers per day is pretty low.
Most people who are in a position of hiring like I am don’t care about age. They care about experience and they care about attitude. They also care about how much training time they have to put in. As long as you come across as knowledgeable there should be no issues. I don’t buy the age discrimination line. I’m sorry, but that’s just not my reality. Everyone I know prefers the work ethic of the older worker.
Your correct looking for work is a full time job. Most insurance company wants their own one line application completed which takes about an hour. Then you have to take their on line test. Then of course there is the number of follow up phone calls, the inteview thank you notes and all the required unemployment classes your state makes you take. In additon, there is the time spent networking so you know who is hiring and talking to your head-hunter to see what they have come up with. So don’t just look at the number of applications/resumes sent and make assumptions that people are not working or trying hard enough to find work. Unless you experience job searching in the last year or two you do not have a clue what it is like out there.
I’ve been HIRING over the past year or two. I’ve talked to a lot of unemployed folks in that time. Frankly it’s the ones who work really hard for a few weeks and give up that I don’t want to give a job to. They’re negative and cranky.
Remaining optimistic!
Job market is tough right now BUT—better days are ahead and terrific employers will realize our true worth and we will be back in the saddle again.
Isn’t it a possiblity that employers tend to hire younger people because they will take less money? A young single male is most likely going to have a lot less bills to pay then say a 55 year old married male that owns his own home, and in theory, the young male might wait a good bit longer to ask for that raise then that 55 year old, because he doesn’t have the expense. Also, is it possible that the 55 year old is going to ask for that promotion sooner then his 25 year old counter part, and isn’t it more likely that the 55 year old will get angier that a “young snot nose kid” got the promotion over him? I am sure that these are factors that employers look at when they are hiring.
These type of assumptions and a few more are what the federal discrimination act is supose to protect us from.
On the other side, in my new position I am seeing under 30 year olds checking their face book when they should be working, coming in hung over and the job they have right now is just a stepping stone to their next career move?
Don’t get me wrong diversity in the work place is a great thing and I enjoy working with all age groups. Most managers like the diverse workgroups. In my opinion the problem is the triage system that the resumes and applications go through. Many managers don’t see any of the applicans information until HR blesses them.
I have seen 50 year olds calling out a lot because they or their spouse is not feeling well. So what I am getting at is that a young person should be passed up is an older person wants the job, just because they are older? I am not trying to make a strawman here, but thats kind of the tone that I am getting. Not all jobs want experianced help. Sometimes they want a “clean slate” so that they don’t have to reteach a veteran how that perticular comapny does things.
And people of ALL ages are guilty of messing around when they should be working, no one age group has a monopoly on that.
Me personally, I think companies should be allowed to hire whoever they want without having to worried about getting sued for racial discrimination or age discrimination. If that means that a 25 year old gets passed up for a 60 year old, that is the company’s choice, and vice versa.
Also, just because the job went to someone younger, doesn’t mean it is age discrimination.
So by that definition, calling someone a “snot nosed youngin” and not listening to them because of their age, that is age discrimination too. People tend to forget about that side of age discrimination. They only see “They didn’t hire me because I am over 50” and not “They treat me like I know nothing because I am young” Age discrimination works both ways, people.
Who shouldn’t people of ALL ages be covered under the EEOC? Thats what I want to know. How will the young people get training if the jobs are going to the 50+ year olds? Every job needs a mixture of greenhorns and veterans. We need the veterans because they have the experiance, and we need to greenhorns for when the vets sadly pass on, so the vets knowledge will live on. And, on occasion, the youngins can do more physically then the vets.
I got thrown into this mix which has made an already frustrating home buying experience that much worse considering it is a short sale to begin with. The flood program got thrown into this bill and set my closing back 2 weeks!
Ditto! This has been the longest yet most bizarre week of my life! We had our April 1st closing cancelled and the wait till the 12th wasn’t toooo bad, but this week? I’ve aged another 10 years! And if Fidelity doesn’t get going and work this weekend, we still might not make our Tuesday Apr 20th deadline. Our rate lock (and our sales contract!) expire that day. Before this happened our goal was to close within 30 days and we would have made it with time to spare if not for this!
So help me out here. I was supposed to close on a place on April 12, but because of this insurance fiasco, Wells Fargo would not release the loan as the condo association’s flood insurance is due to expire May 10. If this program is only extended until the end of May, it seems like nothing has changed! Am I missing something??
Way to go Congress. Extending NFIP all the way to the end of May. By all means, let’s not use unspent Stimulus money to fund this important program. I am sure lenders are real happy to see these temporary extensions when they are trying to make loans and Flood is required. November can’t come soon enough.
If they follow the same procedures that they did for the April lapse.. as long as a renewal offer invoice is sent to your HAO prior to May 31st (which the company should send it out asap) then the HOA has the opportunity to send in payment & have the policy renew. The May 31st exp. primarily affects new business & renewals where renewal offers have not been sent out. So you “SHOULD” be good but dont quote me as we know how our lovley government works!
We have been having problems with the Mortgage Companies contacting to verify and increase flood coverage for their borrowers. During the suspended hiatus, if the insured/borrower was unable to provide updated coverage, the mortgage company has threatened to force place duplicate insurance upon the borrower/insured. By suspending this program, the ripple effect felt, has been frustrating for agents and our insureds. Now this can happen again?
They will have a hard time trying to force place private flood (outside the NFIP) in Texas! We were supposed to close Apr 1 and I TRIED to find a “substitue to NFIP” with no luck. Believe me, if we do get to close, I will be watching this situation like a hawk next year long before our renewal date.
Shut up and don’t worry about it. Our President is as smart as a rocket scientist and he is a constitutional expert to. This is all part of his plan to bring hope and change to America. No more comments about flood insurance being tied to this please. If people don’t get some more unemployment they will be forced to take jobs they don’t really want and might miss the better paying jobs they do want.
Had an interesting conversation with a friend who works at a company where I am interviewing. The HR person got friendly with him over the years and one day admitted, “If I’d known how old you were, I never would have hired you.” That’s insane!
Rosie must be easy to say shut up and dont worry about it when your a person not affected by it. Maybe you should put yourself in the shoes on the people who are trying to become new homeowners and cant because of the hold ups or try being the insurance agent who has to tell these already stressed homeowners that there is nothing we can do to help them!! Then lets here you say dont worry about it!
don’t by a house in a flood zone. period. problem solved.
Some of us have already taken low paying jobs just to keep current with the industry. Yes, age discrimination is alive and well and employers do not want anyone who have had a serious illness in the past such as cancer. Sad state of affairs and time for a revolt in this nation about taxation. We are taxed to near poverty but the spending continues.
How can they continue to attach bills that have no bearing on each other together and screw up everything is beyond me. Its like mixing apples and gorillas. We need to retool our government from the ground level up. The confusion and the spending continue and the tax rate continues to climb.
Come May, congress will have to find another bill to attach a flood insurance extension too. Is flood insurance not important enough for a bill of its own, it has to be attached to an unrelated bill. But maybe that the best way, just keep filing extensions, if the wrote a new flood insurance bill they would probably really screw it up.
Amen, its a mess and agents are suffering as well. stress and anxiety over the housing market is drivng some folks out of business. The carriers don’t want to write in regions of our state a regular homeowners policy due to the flood and wind and Hail pool. This keeps people from bing hired on all levels.
As the Chinese suck more and more jobs out of the US, the Chinese government has to turn around and loan us money to pay for unemployment for our citizens because we can’t find the money to pay for it ourselves! Are we pathetic or what?
How’s that hope and change thing working now?
you are all insurance people. you should know better than to buy a house where it floods. unless of course you want he rest of us to replace your ¥#&¢n house every twenty years. i am dissapointed.
Just goes to show how much you know. Unless nothing is ever built in proximity of a ditch, creek or a neighbors swimming pool, who knows if you have a flood exposure. The 1993 flood in the midwest hit more people technically not in a flood zone than in one.
Let’s just keep piling up debt. Get ready to learn Chinese, everyone. Because they own the bulk of our debt. Pray they don’t call it in
DLR — Flood insurance isn’t “not important enough for a bill of its own.”
It’s TOO important for a bill of its own.
Must-pass provisions like this one are loaded down with pork, non-essential power grabs, and partisan goals so that when the other party complains about extra garbage, they can be exscoriated for “holding up flood.”
that is a one hundred year flood, which is very insurable, even in the private sector. now i am really dissapointed. i think anonymous should remain a renter.
HOW ON EARTH DID THEY FORGET THIS
WHAT MORONS WE HAVE RUNNING OUR COUNTRY
VOTE THEM OUT ALL OF THEM WITHOUT EXCEPTION
Steph,
Reread and ‘get’ Rose’s comment. I think she was trying to add some humor into this ridiculous situation our ‘leaders’ have put us in. I ‘got it’ Rosie!
Barbara- thanks for clarifying.. I was having a hard time with her comment!
You are right on this, Rater! Better yet, this is important enough to our economy to stand alone.
And for those you saying’don’t buy in a flood zone’. I would venture to say there are few & far between, if any, homes in FL to be purchased without flood insurance requirement. (unless you pay cash and then you’d be an idiot not to buy it.
And our leaders in ‘Washington’ say they want to help boose the economy. They are just punching holes in it with this continuing saga with the NFIP.
How did Flood Insurance get added in here. And, 99 weeks of unemployment? Why are they unemployed? Stimulus, overspending, no positive action for corporate companies.
Sounds like your friend might have the smooking gun for a age discrimination lawsuit against the company. It’s bad enough that some of these companies practice age discrimination, but for an HR person to verbally admit it just shows how stupid some of these employers are.
Frankly I think the generation of 50 somethings manufacture these stories as an excuse not to work. I’m sorry, at my agency if you’ve got some silver hair, I’m at least as excited to talk to you as I am some 20 something that’s just getting started…without sounding discriminatory I’m probably happier to work with someone in their 50’s or 60’s.
My father is in his 60’s and gave me the nonsense that he’d never be hired too. The guy found work in no time…and multiple offers at that.
Blame the right person.
QUIT BLAMING OBAMA!
Well Mr. Solvent where were you when I was looking for a job last year!!!! My resume was sent out to over 100 employers in over 15 states and I was willing to relocate on my dime. It took me over 10 months to find something. I went from a
So don’t say that 50 somethings are not looking or wanting to work. Age discrimination is real. Your just fortunate enough to own your business. I hope your business does real well. If you find that you have to look for work your going to get a rude awakening.
I asked one of my friends to see if any of her carriers were hiring. She told me she talked to one underwriting manager who prefaced his remarks with: “We’re looking for someone younger.”
Age discrimination is a fact.
A recruiter had me trim 15 years experience off of my resume. Also said to take off the year of college graduation.
Guess why.
Well 30 years, I’d say if you found work in 10 months you were pretty fortunate. Did you turn anything down in the meantime? Why did you only apply to 100+ employers? 100+ employers seems like about 4 weeks of a job search. Looking for work needs to be a full time job. I hate to say it but 5 employers per day is pretty low.
Most people who are in a position of hiring like I am don’t care about age. They care about experience and they care about attitude. They also care about how much training time they have to put in. As long as you come across as knowledgeable there should be no issues. I don’t buy the age discrimination line. I’m sorry, but that’s just not my reality. Everyone I know prefers the work ethic of the older worker.
Your correct looking for work is a full time job. Most insurance company wants their own one line application completed which takes about an hour. Then you have to take their on line test. Then of course there is the number of follow up phone calls, the inteview thank you notes and all the required unemployment classes your state makes you take. In additon, there is the time spent networking so you know who is hiring and talking to your head-hunter to see what they have come up with. So don’t just look at the number of applications/resumes sent and make assumptions that people are not working or trying hard enough to find work. Unless you experience job searching in the last year or two you do not have a clue what it is like out there.
I’ve been HIRING over the past year or two. I’ve talked to a lot of unemployed folks in that time. Frankly it’s the ones who work really hard for a few weeks and give up that I don’t want to give a job to. They’re negative and cranky.
Remaining optimistic!
Job market is tough right now BUT—better days are ahead and terrific employers will realize our true worth and we will be back in the saddle again.
Apartments can flood too, and flood is not covered under a standard HO-T or any other renter’s policy.
Isn’t it a possiblity that employers tend to hire younger people because they will take less money? A young single male is most likely going to have a lot less bills to pay then say a 55 year old married male that owns his own home, and in theory, the young male might wait a good bit longer to ask for that raise then that 55 year old, because he doesn’t have the expense. Also, is it possible that the 55 year old is going to ask for that promotion sooner then his 25 year old counter part, and isn’t it more likely that the 55 year old will get angier that a “young snot nose kid” got the promotion over him? I am sure that these are factors that employers look at when they are hiring.
These type of assumptions and a few more are what the federal discrimination act is supose to protect us from.
On the other side, in my new position I am seeing under 30 year olds checking their face book when they should be working, coming in hung over and the job they have right now is just a stepping stone to their next career move?
Don’t get me wrong diversity in the work place is a great thing and I enjoy working with all age groups. Most managers like the diverse workgroups. In my opinion the problem is the triage system that the resumes and applications go through. Many managers don’t see any of the applicans information until HR blesses them.
I have seen 50 year olds calling out a lot because they or their spouse is not feeling well. So what I am getting at is that a young person should be passed up is an older person wants the job, just because they are older? I am not trying to make a strawman here, but thats kind of the tone that I am getting. Not all jobs want experianced help. Sometimes they want a “clean slate” so that they don’t have to reteach a veteran how that perticular comapny does things.
And people of ALL ages are guilty of messing around when they should be working, no one age group has a monopoly on that.
Me personally, I think companies should be allowed to hire whoever they want without having to worried about getting sued for racial discrimination or age discrimination. If that means that a 25 year old gets passed up for a 60 year old, that is the company’s choice, and vice versa.
Also, just because the job went to someone younger, doesn’t mean it is age discrimination.
Not against the law to ask a person their age.
“Age discrimination involves treating someone (an applicant or employee) less favorably because of his age.”
Source:http://www.eeoc.gov/laws/types/age.cfm
So by that definition, calling someone a “snot nosed youngin” and not listening to them because of their age, that is age discrimination too. People tend to forget about that side of age discrimination. They only see “They didn’t hire me because I am over 50” and not “They treat me like I know nothing because I am young” Age discrimination works both ways, people.
TX – Your correct about treating ALL age groups the same.
I would like to point out that employees over the age of 40 are in a protected age group as defined by the EEOC.
Who shouldn’t people of ALL ages be covered under the EEOC? Thats what I want to know. How will the young people get training if the jobs are going to the 50+ year olds? Every job needs a mixture of greenhorns and veterans. We need the veterans because they have the experiance, and we need to greenhorns for when the vets sadly pass on, so the vets knowledge will live on. And, on occasion, the youngins can do more physically then the vets.